Regrets? You’ll Have a Few. Don’t Let Them Ruin Your Investments.
When the coronavirus outbreak played havoc with the markets in the first quarter of 2020, I had a new client, a couple with a lot of money they needed to invest. As the S&P 500 hit its steepest decline, I was ready to invest their cash and diversify their holdings according to their agreed upon investment strategy, but my clients weren’t. They hesitated and insisted on holding onto their money in cash rather than investing, because they were worried the markets could go lower and that they would lose the savings they had worked so hard to earn.Q2 2020 hedge fund letters, conferences and moreTh...